News & Views

CIBA New Members 2018

NEW MEMBERS 2018 ACTIVITY WEBSITE WISE WOLVES CAPITAL (EU) LTD. Fiduciary / Brokerage / Payments www.wise-wolves.com RARETRAIL HOLDING LIMITED Financial Services www.raretrail.com FINECISION ART LTD. Collectors and restorations of art  N/A EXNESS (CY) LTD. Investment Firm www.exness.com SYMEOU & KONNARIS LLC Law Firm www.sklaw.com FIBO GROUP HOLDINGS LTD. Investment Firm www.fibogroup.eu OIKOS GROUP Property Developers […]

VAT treatment for leasing of immovable property – Courtesy of Areti Charidemou & Associates LLC

On 27/12/2018, the Cyprus Tax Authorities published a circular which come into force on 1 January 2019 and relates to VAT treatment on the ‘’effective transfer of the right to use’’ an immovable property. The long-term leasing of immovable property, for which the right to dispose the immovable property as owner or dispose the immovable […]

Shadow Carbon Pricing Methodology – Technical note by EBRD

The  European Bank for Reconstruction and Development has recently published a technical note describing the economic assessment methodology of EBRD projects with high greenhouse gas emissions, which can be accessed on the EBRD website at https://www.ebrd.com/news/publications/institutional-documents/methodology-for-the-economic-assessment-of-ebrd-projects-with-high-greenhouse-gasemissions.html. Click here to read the technical note:  EBRD-Carbon-Pricing-Methodology The technical note is a staff working document subject to revision […]

VAT treatment for leasing of immovable property – Courtesy of Areti Charidemou & Associates LLC

On 27/12/2018, the Cyprus Tax Authorities published a circular which come into force on 1 January 2019 and relates to VAT treatment on the ‘’effective transfer of the right to use’’ an immovable property. The long-term leasing of immovable property, for which the right to dispose the immovable property as owner or dispose the immovable […]

CIBA 2018 ANNUAL GENERAL MEETING

The Cyprus International Businesses Association, celebrated its 25th Annual General Meeting at the Amathus Hotel in Limassol, with exclusive sponsor ASTROBANK.  Present at the AGM was the Chairman of ASTROBANK, Mr. Shadi A. Karam, who gave a brief welcome. The President of the Association, Mrs. Doxia Nikia Hadjivassiliou, gave her address to distinguished guests and […]

Modification of the “model” in the services sector through controversial practices and misinterpretations (see “Shell Company”).

GREEK VERSION For decades, an utterly Cypriot phenomenon is to advertise Cyprus as an International Business Center and to demand the strengthening of the services sector which is proven to account for 40% of the country’s GDP. On the other hand, within a few months, and by means of misinterpretations, there have been arguments that […]

Deloitte Academy workshop – “Tax Updates 2018: An eye on what really matters”.

November 27 @ 1:30 pm – 5:00 pm. AJAX Hotel, Georgiou Neophytou Street Mesa Geitonia, Limassol, Cyprus. The Deloitte 2018 Direct Tax update is ideal for individuals that would like to get-up-to speed with the latest tax developments both locally and internationally. Don’t miss the opportunity to listen to Pieris Markou (our Tax and Legal Services Leader) and Michael-Aris Michaelides (Director in the Deloitte Tax and Legal Services Department) sharing their understanding of the most significant tax law amendments that took place during 2018. More specifically the event will cover and outline the changes in the Tax laws during the…

Deloitte Academy workshop – “Tax Updates 2018: An eye on what really matters”.

November 26 @ 1:30 pm – 5:00 pm. Cleopatra Hotel, 8 Florinis Street, Nicosia, 1065 Cyprus. The Deloitte 2018 Direct Tax update is ideal for individuals that would like to get-up-to speed with the latest tax developments both locally and internationally. Don’t miss the opportunity to listen to Pieris Markou (our Tax and Legal Services Leader) and Michael-Aris Michaelides (Director in the Deloitte Tax and Legal Services Department) sharing their understanding of the most significant tax law amendments that took place during 2018. More specifically the event will cover and outline the changes in the Tax laws

CYPRUS – RUSSIA: THE END OF STORY OR A NEW ROMANCE? A CASE STUDY FOR BUSINESS TO PREVENT TAX DISPUTES

CIBA supported with great success the Conference “Cyprus – Russia: the end of story or a new romance? A case study for business to prevent tax disputes” which was organised by Eurofast and Pepeliaev Group. The event was opened by the First Secretary of the Embassy of the Russian Federation in the Republic of Cyprus […]